UAE's largest fuel retailer will accept stablecoins.

ADNOC Distribution announced that it will accept payments in AE Coin stablecoin at 980 service stations located in the United Arab Emirates, Saudi Arabia, and Egypt.

The company partnered with Al Maryah Community Bank to enable AE Coin payments at fuel pumps, convenience stores, and car wash areas through the AEC Wallet.

AE Coin is the first stablecoin in the United Arab Emirates licensed by the Central Bank and is backed 1:1 by the dirham. This development is seen as a significant step in the integration of digital payments into everyday retail transactions.